A review of things you need to know before you sign off on Thursday; a sharp concrete slowdown, NZGB yields fall, 2024 milk price locks in, Transpower issues warning, swaps up, NZD stable, & more

Certainly

what can you say - new people cannot feed our ponzi cuz that other ponzi is failing ?

Makes the likes of Craigs look pretty silly too

No but many stations have back up gensets , and the gas stations are often on a separate power feed that's prioritised (as are malls etc), so they cut houses first... when it gets real bad its all off.....

I hope you are safe with the gas heating and water. We were in a rented bach once in a gool old nor'easter - no power and the gas appliances were dead as doorstops. Always buy a bbq with a sideburner.

I hope you are safe with the gas heating and water. We were in a rented bach once in a gool old nor'easter - no power and the gas appliances were dead as doorstops. Always buy a bbq with a sideburner.

Fires with wetbacks are great. I have one. Good thing is you can cook on it too (if you ran out of gas and power). So, all bases covered with a wetback and gas option.

Transpower are already saying this on their Facebook page. Turn off non-essential things between 7am-9am. 

Or put a beanie and a jumper on.

What cylinder ? ;-)

My 300lt cylinder (heated by heatpump) is still warm after a week 

Yip. F#&k em. 

I think the opposite, I think over time they will be looked on very poorly. Definitely the worst ever. I intensely disliked Helen Clark and Michael Cullen, but at least they had my respect, they were in control and they mostly did what they said. They kept their ministers in line, unlike JC who was not in control at all.The last lot, I did not respect at all, And if fact it was embarrassing most of the time with constant failure and wasting of money. HC and MC balanced the books and paid down debt even though they left the country in recession. The last lot can’t really claim anything positive, and that is what they will be judged on.

Probably depends how broke the country is by then, or how much the crises of the day occupy the public consciousness.

I think in 10 years time electric vehicles will either have become commercially sensible, or we'll have migrated to something else.

Lol

Talk about a plan change that’s 10 years late. 

The capital has entered a period of significant decline.

Can't help thinking pull all the old crap down and rebuild. Just look at the Chateau at Whakapapa, costs the NZ tax payer 2M per year to supposedly maintain. In fact it is still deteriorating, what a waste of money. Just pull it down and let a private investor build a nice new hotel.

Talk about bring in tourists Trev, as Fred Dagg would have said. Unfortunately there are country folk who hate change without realizing change is constant or should be, to keep us evolving.

Buy high sell low - it's the Kiwi way. I am shopping for NZ stocks again, portfolio is up 5% for the calendar year but all the heavy lifting is from the ASX and the TSK buyout (classic NZ tech business that struggled in NZ, decamps to the ASX frustrated at lack of NZ support, and most of the profit accrues over the ditch)

Doesn't the NZX compound dividend returns within the index whereas others don't? 

Yes it did have a good run. I bought up quite big in  2014, and sold up just before the peak. 

I might consider it again in the future, but probably not for at least a couple of years. I am very bearish about the NZ economy.

I remember school lunches in the 90s and the budget was about $1.50 a meal cost price.  So $3,  30 years later sounds low. But $8 sounds too high. 

Much of the free lunches in my region are provided by franchises like Subway and Pita Pit. So questionable how nutritional the status quo was.

Woke food = getting ripped off for whatever food it is by the agency providing it. Food aside, this was a concept the previous govt seemed great at, such as paying 15k finders fees to recruitment agencies for finding the right candidate for an 85k /yr job, more if it was for a 100k/yr role and upwards. Can verify this for several friends and colleagues who changed jobs 2020 - 2022 and some who were working in said recruitment agencies and creeeeeaming the commissions from this. And we wonder why the govt money taps are being turned off now? The NACT folk must have looked into this upon being voted in and been floored at the lack of negotiation and financial acumen.

Luxo has nothing on Mad Albo. Mind you, it's early days. 

Is it OK to say 'Mad Albo'? Or is that misandrist and similar to the nickname given to our Dame Jacinda Kate Laurell Ardern GNZM?

Probably. The FIF was one of those Key slight of hand. Since the majority of Kiwis only know about residential property  investment its easy to slip a tax like that in and they wouldn't notice.  Don't know what the tax take is but it wouldn't surprise me if its at least 10% of total tax revenue.

Personally I would prefer if they address the other end of the equation. Rather than taxing super contributions/gains look more closely at who gets super in the first place.

If we continue with current settings NZ will be bankrupt in no time.

Sure  - as it would be lower

Isn't/wasn't that based on pumping water up hill when excess power was available ? Do we have this excess power ?

shame jones will be the reason NZ first disappear once WP goes,